FOR:  KIRKLAND LAKE GOLD INC.

TSX, AIM SYMBOL:  KGI

January 13, 2010

Kirkland Lake Gold Inc.: Bought Deal Private Placement for Proceeds of CDN$20 Million

KIRKLAND LAKE, ONTARIO--(Marketwire - Jan. 13, 2010) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

Kirkland Lake Gold Inc. (TSX:KGI)(AIM:KGI)("Kirkland Lake" or the "Company") announces that it has
entered into an agreement with Wellington West Capital Markets Inc. (the "Lead Underwriter"), on
behalf of a syndicate of underwriters (together with Lead Underwriter, the "Underwriters"), to sell
2,427,000 units ("Units") at a price of CDN$8.25 per Unit for gross proceeds of approximately CDN$20.0
million, on an underwritten private placement basis (the "Offering"). Each unit shall consist of one
common share of the Company and one-third of one common share purchase warrant of the Company. Each
whole warrant will be exercisable to purchase one common share of the Company for a period of 13
months from issuance at a price of CDN$10.00.

The Underwriters shall also have the option, exercisable up to 48 hours prior to closing of the
Offering, to increase the size of the Offering by up to an additional 606,600 Units at the same price
per Unit as is applicable to the Offering (the "Underwriters' Option"), for aggregate gross proceeds
under the Offering of approximately CDN$25.0 million if the Underwriters' Option is exercised in full.

The Company intends to use the net proceeds of the private placement for working capital and general
corporate purposes. The private placement is expected to close on or about February 4, 2010.

The common shares issued and issuable pursuant to the Offering will be subject to a four-month
restricted resale period from the closing date. Completion of the Offering is subject to receipt by
the Company of all necessary regulatory approvals.

About Kirkland Lake Gold Inc.

The Company purchased the Macassa Mine and the 1,450 ton per day mill along with four former producing
gold properties - Kirkland Lake, Teck-Hughes, Lake Shore and Wright Hargreaves - in December 2001.
These properties, which have historically produced some 22 million ounces of gold, extend over seven
kilometres between the Macassa Mine to the west and Wright Hargreaves to the east and, for the first
time, are being developed and explored under one owner. This camp is located in the Southern Abitibi
Greenstone Belt of Kirkland Lake, Ontario, Canada.

The Company's common shares trade on the TSX (Toronto Stock Exchange) and on the AIM (Alternative
Investment Market) of the London Stock Exchange.

The Company's senior management and Board of Directors have extensive experience in the natural
resource and mining sectors that include exploration, mining and marketing, as well as experience in
the legal and corporate finance areas.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States of America. The securities have not been and will not be registered
under the United States Securities Act of 1933 (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the
U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities
laws, or an exemption from such registration is available.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Kirkland Lake Gold Inc.
Brian Hinchcliffe
President
705 567 5208
705 568 6444 (FAX)
bhinchcliffe@klgold.com

OR

Kirkland Lake Gold Inc.
Lindsay Carpenter
Director of Investor Relations
416 840 7884
lcarpenter@klgold.com

OR

Kirkland Lake Gold Inc.
Scott Koyich
Investor Relations
403 215 5979
info@klgold.com
www.klgold.com

OR

Pelham Public Relations
Chelsea Hayes
+44 20 7743 6675
chelsea.hayes@pelhampr.com

OR

NOMAD: Panmure Gordon (UK) Limited
Dominic Morley
+44 20 7459 3600
dominic.morley@panmure.com

OR

NOMAD: Panmure Gordon (UK) Limited
Ashton Clanfield
+44 20 7459 3600

Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed and
neither accepts responsibility for the adequacy or accuracy of this news release.

Kirkland Lake Gold Inc.